Huge affordable housing project begins in Saanich
Housing supply is foundational to a strong economy, and The Chamber applauds progress being made on the largest housing supply project ever on Vancouver Island. The $250 million Nigel Valley development in the District of Saanich will add 800 homes to the region, including 440 non-market rental units and 255 market homes. The other units include social housing with supports.
“It’s amazing what can happen when multiple stakeholders, including our local community associations, take a collaborative and proactive approach to challenges like housing,” Saanich Mayor Fred Haynes said in a news release. “This project caters to a wide range of housing needs in Saanich and I look forward to seeing how it will enhance our community over the years to come.”
BC Housing is contributing more than $50 million, and Broadmead Care and Island Health are each providing more more than $5 million.
The Nigel Valley redevelopment, near Saanich’s municipal hall, is being done in three phases over the next 10 years.
“It’s amazing what can happen when multiple stakeholders, including our local community associations, take a collaborative and proactive approach to challenges like housing,” Saanich Mayor Fred Haynes said in a news release. “This project caters to a wide range of housing needs in Saanich and I look forward to seeing how it will enhance our community over the years to come.”
BC Housing is contributing more than $50 million, and Broadmead Care and Island Health are each providing more more than $5 million.
The Nigel Valley redevelopment, near Saanich’s municipal hall, is being done in three phases over the next 10 years.
